Analysis: BTC and ETH gain on institutional demand, sell-off unlikely

Min Jung, a research analyst at Presto Research, said Bitcoin (BTC) is holding steady near its all-time high, largely supported by sustained demand from institutional investors, especially crypto treasury firms, according to The Block. Since these investors tend to be long-term holders, a near-term selloff appears unlikely. However, Jung warned that profit-taking from older wallets following the recent price breakout could lead to short-term volatility. Jung also highlighted that Ethereum (ETH) is experiencing strong institutional momentum, noting that more publicly traded companies are incorporating ETH into their corporate reserves. According to The Block, spot ETH exchange-traded funds (ETFs) have recently posted record-setting net inflows, even surpassing BTC ETFs on the same days.